DOMAIN PURCHASE AGREEMENT
Between
Internet Properties Development, LLC and
Internet Properties Development Corp.
This letter is an agreement between Internet Properties Development, Inc. (the
"Buyer"), a wholly owned subsidiary of XxxxXxx.xxx, Inc. a Nevada Corporation,
and Internet Properties Development, LLC, a California Limited Liability
Company, (the "Seller"), regarding the transfer and sale of the Internet domain
names and their corresponding Internet and Intellectual assets described in
Exhibit "A".
The agreed terms and points of the sale are as follows:
In consideration of the transfer of the domain, the Buyer will;
(1) pay the Seller $50,000 Fifty thousand & none
(2) In the event of the Sale of any of the Assets purchased in this
transaction (Exhibit "A"), issue the Seller a BONUS PAYMENT(S)
equal to 25% (twenty-five percent) of the Sale proceeds.
(3) In the event of a re-capitalization of any of the Assets purchased
in this transaction (Exhibit "A"), issue the Seller a BONUS
PAYMENT(S) equal to 25% (twenty-five percent) of the property's
re-capitalization valuation.
Buyer:
/s/ H. Page Xxxx
------------------------------
Internet Properties Development, Inc.
X.XXXX XXXX
Seller:
/s/ Xxxxxxx Xxxxx
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Internet Properties Development, LLC
XXXXXXX XXXXX
